Inflation, Agricultural Output, and Productivity

Agricultural Output and Productivity

Estimates of the employment structure, agricultural output, and agricultural labour productivity are developed for the leading European countries from 1300 to 1800. The employment estimates are developed from estimates of the total, urban, and rural populations. The output estimates are derived by positing a demand curve for agricultural goods.

Productivity and Inflation

Alex Heath and the RBA's Prices, Wages and Labour section, and participants at an RBA seminar for helpful comments and suggestions; the errors remaining are our own. The views expressed in this paper are those of the authors and should not be attributed to the Reserve Bank of Australia.

Inflation, Inflation Uncertainty and Output in Tunisia

Reply : We think that the Tunisian case is also interesting for a broad audience. Tunisia has made important progress over the last decade toward establishing a sound bank intermediation, deepening its financial market, mobilizing domestic financing, and using indirect market-based monetary policy instruments. Monetary policy is useful to obtain a stable macroeconomic environment in favor of a ...

Globalization , the Output - Inflation Tradeoff , and Inflation

Inflation, Output and Welfare

This paper studies the effects of anticipated inflation on aggregate output and welfare within a search-theoretic framework. We allow money-holders to choose the intensities with which they search for trading partners, so inflation affects the frequency of trade as well as the quantity of output produced in each trade. We consider the standard pricing mechanism for search models, i.e., ex post ...